| CAD CHF long 
both my time-frame indicators are long (4 hourly only just)
price is below the moving averages, but may have 'double bottomed' on the daily time-frame at significant support
The 4 hour time-frame has printed a trigger candle at the end of last week, and I have placed an order to trade this trigger candle, should price retrace to it again over the next few days
Order long at 0.96 55, stop at 0.96 00 (risk -55pips)
I have split this trade into three parts, initial target is R=1 @ 0.97 10, second at previous daily highs 0.98 55 (+200 pips, R=3.5) and the third has no target which will be managed by a trailing stop. Should the trigger be the start of a more established upward swing, I will also be looking for opportunities to add to the position, if it an be managed 'risk free' |